Pakistan has 326m barrels in oil reserves, Senate informed: Daily Times

ISLAMABAD: Pakistan has more than 326 million barrels of oil and 29,790 billion cubic feet of gas reserves, the Senate was told on Wednesday. The petroleum adviser said the country had 185,165 million tonnes of coal reserves, mainly in Sindh. The demand for oil is 19.2 million tonnes a year and that for gas 5.3 million cubic feet a day. He also said there were approximately 4,504 million tonnes of copper-gold resources in Reko Diq in Balochistan, and there are 292 employees working on the project including, 247 local people. Minister for Parliamentary Affairs Babar Awan told the House that out of the $5.9 billion assistance for October 2005 earthquake victims committed by donors, $3.41 billion have been disbursed and the remaining $2.5 billion are in the pipeline. More than Rs 89 billion have been paid as compensation to the earthquake victims – Rs 57 billion in rural housing subsidy, Rs 2.86 billion in urban housing subsidy, Rs 5.2 billion in the Livelihood Support Cash Grant Programme and Rs 13.2 billion as compensation for deaths and injuries.

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